Skip to main content

Advertisement

Advertisement

China's Xi pens letter to Starbucks tycoon to promote trade

BEIJING — China's president Xi Jinping has asked former Starbucks chairman Howard Schultz to help promote trade between Washington and Beijing in a rare missive to a foreign business figure, state media reported Thursday (Jan 14).

This file photo taken on April 18, 2012 shows Mr Howard Schultz, president and chief executive officer of Starbucks, delivering his speech at the Starbucks Partner Family Forum in Beijing.

This file photo taken on April 18, 2012 shows Mr Howard Schultz, president and chief executive officer of Starbucks, delivering his speech at the Starbucks Partner Family Forum in Beijing.

Follow TODAY on WhatsApp

Quiz of the week

How well do you know the news? Test your knowledge.

BEIJING — China's president Xi Jinping has asked former Starbucks chairman Howard Schultz to help promote trade between Washington and Beijing in a rare missive to a foreign business figure, state media reported Thursday (Jan 14).

Mr Xi, responding to an earlier message from Mr Schultz, urged the multi-billionaire to "continue to play an active role in promoting China-US economic and trade cooperation", the official Xinhua news agency said.

China will "provide a broader space for companies from all over the world, including Starbucks and other American companies, to develop in China", Mr Xi wrote in his letter.

It was not immediately clear why the letter was published by state media, but it comes as relations between the superpowers have reached a nadir with bitter disputes over trade, tech, security and rights.

Starbucks, a ubiquitous sight in major Chinese cities, says it has opened over 4,700 coffee shops across the country since 1999.

Mr Schultz, who stepped down as chairman of the chain in 2018 but retains an honorary title at the company, had previously congratulated Mr Xi on China's transition into "moderately prosperous society", Xinhua said.

US-China ties have grown increasingly strained under the administration of Mr Donald Trump.

Beijing and Washington have also sparred over blame for the Covid-19 pandemic and China's human rights record in Xinjiang and Hong Kong.

But China's top diplomat Wang Yi has called for both sides to "restart the dialogue" and "rebuild mutual trust" with the incoming US administration of president-elect Joe Biden.

Mr Xi and Mr Schultz previously met at a formal reception in Seattle during the Chinese leader's state visit to the US in 2015. AFP

Related topics

US-China trade war Xi Jinping starbucks

Read more of the latest in

Advertisement

Advertisement

Stay in the know. Anytime. Anywhere.

Subscribe to our newsletter for the top features, insights and must reads delivered straight to your inbox.

By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.